Peak Reinsurance Co., a reinsurer focusing primarily on the Asia-Pacific market, has selected a catastrophe modeling solution from AIR Worldwide to manage its catastrophe risk.
“Catastrophes are a growing concern in the Asia-Pacific region as illustrated by the series of events in 2011, and Peak Re is positioning itself to bring greater value to this underserved region by providing property and casualty treaty reinsurance solutions through the use of modern risk management tools such as catastrophe models,” says Graham Cook, head of analytics at Peak Re. “AIR provides a comprehensive suite of models for the region, including earthquake and basin-wide typhoon models, which will help us monitor our accumulations and steer a path toward continued profitable growth.”
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